High-frequency Traders Reassessing Strategies on Flash Crash
Anniversary at The Speed Traders Workshop 2014 New York City with
Edgar Perez
Edgar Perez, former McKinsey and IBM consultant, is a global expert, author of
The Speed Traders, Knightmare on Wall Street, and the course director of The
Speed Traders Workshop, "How Banks, Hedge and Mutual Funds and Brokers
Battle Markets 'RIGGED' by Wall Street's 'Flash Boys', High-frequency Trading,
Exchanges and Dark Pools", in New York City, Washington DC, Boston, Munich,
London, Dubai, Brussels, Tokyo, Beijing and Shanghai.
New York, NY, USA (May 1, 2014) -- The Flash
Crash of May 6, 2010, was a stock market
anomaly where the major market indexes
dropped by over 9% (including a roughly 7%
decline in a roughly 15 minute span at
approximately 2:45 pm eastern time before a
partial rebound. Temporarily, $1 trillion in market
value disappeared. While stock markets do
crash, immediate rebounds are unprecedented.
The stocks of eight major companies in the S&P
500 fell to one cent per share for a short time,
including Accenture, CenterPoint Energy and
Exelon; while other stocks, including Sotheby's,
Apple, and Hewlett-Packard, increased in value
to over $100,000 in price. Procter & Gamble in
particular dropped nearly 37% before rebounding, within minutes, back to near its
original levels.
As we get closer to May 6, the fourth anniversary of this singular episode, highfrequency traders will reassess their strategies at The Speed Traders Workshop, "How
Banks, Hedge and Mutual Funds and Brokers Battle Markets 'RIGGED' by Wall
Street's 'Flash Boys', High-frequency Trading, Exchanges and Dark Pools"
(http://www.thespeedtradersworkshop.com), led by expert Edgar Perez, author of
Knightmare on Wall Street (http://www.knightmareonwallstreet.com). This seminar will
open the door to the secretive world of computerized low-latency trading, the most
controversial form of investing today; in the name of protecting the algorithms they
have spent so much time perfecting, speed traders almost never talk to the press and
try to disclose as little as possible about how they operate.
The Speed Traders Workshop, to be held in New York City, Washington DC, Boston,
Munich, London, Dubai, Brussels, Tokyo, Beijing and Shanghai, covers the latest

research currently available and reveals how high-frequency trading players are
operating in global markets and driving the development of electronic trading at
breakneck speeds from the U.S. and Europe to Japan, India, and Brazil. The "flash
crash", the suspended BATS IPO, the botched Facebook IPO, Knight Capital's trading
malfunction and NASDAQ's Flash Freeze are just a few of the milestones in the history
of high-frequency trading that will be dissected with participants.
Global scrutiny of high-frequency trading and whether it gives some investors unfair
advantage has intensified amid government probes and the March 31, 2014 publication
of "Flash Boys" by Michael Lewis. While those examinations have focused mostly on
U.S. equity markets, such as dark pools run by banks and broker-dealers and
exchanges owned by companies including Nasdaq OMX, IntercontinentalExchange
Group's NYSE Euronext and Bats Global Markets, high-frequency traders are active
internationally in futures, FX and fixed income markets, as they also run multi-asset
strategies.
High-frequency traders have been called many things, from emerging masters of the
universe and market pioneers to exploiters, computer geeks, and even predators and
thieves. Everyone in the business of investing has an opinion of speed traders, but how
many really understand how they operate? The shadow people of the investing world,
today's high-frequency traders have decidedly kept a low profile, until now.
Edgar Perez is widely regarded as the preeminent global expert and speaker in the
specialized areas of algorithmic and high-frequency trading. He is author of Knightmare
on Wall Street, The Rise and Fall of Knight Capital and the Biggest Risk for Financial
Markets (2013), a minute-by-minute account of the terrifying hours following Knight
Capital's August 1, 2012 trading debacle, The Speed Traders, An Insider's Look at the
New High-Frequency Trading Phenomenon That is Transforming the Investing World,
published in English by McGraw-Hill Inc. (2011), Published in Mandarin by China
Financial Publishing House (2012), and Investasi Super Kilat, Pandangan Orang dalam
tentang Fenomena Baru Frekuensi Tinggi yang Mentransformasi Dunia Investasi,
published in Bahasa Indonesia by Kompas Gramedia (2012). He contributes to The
New York Times, UltraHighFrequencyTrading.com and China's International Finance
News and Sina Finance.
Mr. Perez has been interviewed on CNN's Quest Means Business, CNBC's Squawk on
the Street, Worldwide Exchange, Cash Flow and Squawk Box, FOX BUSINESS's
Countdown to the Closing Bell and After the Bell, Bloomberg TV's Market Makers, CNN
en Espa単ol's Dinero, Sina Finance, BNN's Business Day, CCTV China, Bankier.pl,
TheStreet.com, Leaderonomics, GPW Media, Channel NewsAsia's Business Tonight
and Cents & Sensibilities. In addition, Mr. Perez has been globally featured on WILS
1320's Capital City Recap, FXFactor, Columbia Business, OpenMarkets, Sohu,
News.Sina.com, Yicai, eastmoney, Caijing, ETF88.com, 360doc, AH Radio,
CNFOL.com, CITICS Futures, Tongxin Securities, ZhiCheng.com, CBNweek.com,
Caixin, Futures Daily, Xinhua, CBN Newswire, Chinese Financial News, ifeng.com,